24H popular currencies
1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +4.64%
ETH: +5.05%
XRP: +4.29%
DOGE: +5.82%
SOL: +6.73%
PEPE: +4.66%
ME: -7.46%
PNUT: + 23.11%
ADA: +7.40%
SUI: +16.47%
24-hour price increase list (data source: OKX):
SUI: +29.66%
ENS: +16.26%
AAVE: +14.04%
UNI: +13.78%
PEPE: +13.14%
AVAX: +12.92%
LINK: +12.50%
COMP: +11.46%
ARB: +10.81%
LTC: +9.45%
2. Top 5 popular memes on the chain (data source: GMGN):
PULSR
LILY
10 0X
ZB
SENTINEL
3. Todays most searched currencies
SUI , Sui is a layer-one blockchain platform developed by Mysten Labs, focusing on high performance and scalability. It uses the Move programming language, uses innovative technologies such as parallel execution and dynamic fields, enables fast transaction processing (up to thousands of transactions per second), and has low gas fees. Currently, after the market ended the correction, SUI ranks first in the gainer list.
PNUT , one of the emerging tokens of Meme Coin, was affected by the news of Coinbase listing, and its 24-hour increase reached about 23%.
BGB , the native token of Bitget exchange, has risen by 16.5% in 24 hours according to Coingecko data.
Headlines
Nature, one of the world’s most cited scientific journals, introduced the DeSci Protocol ResearchHub in a Dec. 11 article, a platform that pays peer reviewers the equivalent of $150 in cryptocurrency for independent reviews of new research papers.
Nature magazine pointed out in its article that this is also an opportunity for some people to make money, and mentioned that Pedro Paulo Gattai Gomes, a molecular biology consultant in São Paulo, said that he now earns more reviewing papers for ResearchHub than he did as a professor in an academic institution.
Gomes, who said he reviews an average of 15 papers a month and earns $150 in ResearchHub ResearchCoin tokens (RSC) for each paper he reviews, told the magazine: “It’s fair to be paid to review, because it’s very unfair in my opinion to do voluntary work and not get a thank you.”
DeSci Protocol ResearchHub, which launched in 2020, has the backing of Coinbase CEO Brian Armstrong, who spoke at the ResearchHub Journal launch event in San Francisco, California last month: “It’s a strange anomaly of history that peer reviewers aren’t paid. They’re doing a valuable thing and we should recognize and reward them.”
CoinGecko data shows that RSC is currently trading at $0.9955, with a 24-hour increase of 20.1%.
The First Solana AI Hackathon Is Now Live
Solana officially announced on the X platform that the first Solana AI Hackathon is now online. The specific content of this event includes more than $185,000 in cash rewards, six major tracks on AI Agent, globalization and onlineization, and the event time is December 10th to 23rd.
In addition, it stated that the AI Agent main track is supported by ai16z and the Solana Foundation.
Industry News
The U.S. Senates vote on SEC Commissioner Caroline Crenshaws re-election is still to be determined.
If nominations continue to stall, President-elect Trump could choose Republican Paul Atkins to fill her spot on the Big Five commissioner list because his term has expired. Under statute, Crenshaw can only serve at the SEC until January 2026 if no one else is confirmed to her position. Trump announced Atkins earlier this month as his pick to head the agency. Chairman Gary Gensler and Commissioner Jaime Lizárraga, both Democrats, plan to leave the SEC in January. The SEC can have up to five commissioners, but no more than three can be from the same political party. Failure to confirm Crenshaw for a second term could cause the agency to lose important momentum for diverse political viewpoints, said Tyler Gellasch, president of the Healthy Markets Association, a trade group.
“A shift to single-party control of the SEC means the agency’s rules and enforcement efforts could swing from one ideological extreme to another, seriously jeopardizing the United States’ position as a leading global market,” Gellasch said in a Dec. 10 emailed statement.
Sen. Tim Scott, the committees top Republican, said last week that he opposed efforts to push Crenshaw and other Biden nominees through the chamber during the lame duck session. The Democrats are ramming through President Bidens nominations at the last minute in a blatant attempt to obstruct President Trumps agenda, Scott said in a Dec. 6 emailed statement.
Vancouver City Council in Canada Passes Motion to Become a “Bitcoin Friendly City”
On Wednesday, Vancouver City Council in Canada passed its motion to become a Bitcoin-friendly city and explore its potential municipal uses. Ive wanted to do this for a while, but I dont think the public is ready for a conversation, Vancouver Mayor Ken Sim said in a phone interview on Tuesday before the council vote. He decided to speak out more for cryptocurrencies because all of a sudden, with whats happening in the United States, a lot of other nation-states and provinces and states are saying theyre going to do this, too, Sim said. We want to be ahead of the curve.
Since announcing the motion in late November, Sim has been a big believer in Bitcoin, calling it the greatest invention in human history and saying traditional fiat currencies will go to zero. He believes Bitcoin is probably worth only a fraction of its future value, but stressed that he is not qualified to provide investment advice. (Bloomberg)
Earlier news, Ken Sim, mayor of Vancouver since 2022, announced that the city of Vancouver, Canada plans to add Bitcoin to its balance sheet as part of its investment diversification efforts.
At the Vancouver City Council meeting on November 26, Mayor Sim submitted a notice of motion, scheduled to be introduced on December 11, titled “Maintaining the City’s Purchasing Power through Diversification of Financial Resources: Becoming a Bitcoin-Friendly City.”
As of November 27, the motion does not appear to have been published on the city government website, and the Vancouver mayors office declined to comment. It is unclear whether the Vancouver mayors motion is a response to local and federal governments in the United States considering legislation to establish Bitcoin reserves. After the 2024 election, lawmakers in the Pennsylvania House of Representatives and the U.S. Senate both proposed plans for the government to hold Bitcoin as a reserve asset.
US SEC advances Bitwise Bitcoin and Ethereum ETF application for listing on NYSE
According to a public document, the U.S. SEC is soliciting public opinions on the listing of the Bitwise Bitcoin and Ethereum ETFs on the New York Stock Exchange.
The Bitwise Bitcoin and Ethereum ETF is a proposed spot cryptocurrency index fund consisting of BTC and ETH. On November 26, Bitwise and the NYSE submitted an application to the SEC to list the ETF, and now the SEC is moving the application to the next stage by soliciting industry comments.
Alabama Auditor Publicly Proposes Strategic Bitcoin Reserve
Recently, Alabama Auditor General Andrew Sorrell publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR). The proposal was made based on the growing interest in SBR among federal and state policymakers and the sharp rise in Bitcoin prices after Trump was elected president (he campaigned on a pro-Bitcoin policy platform).
In an interview with the media, Sorrell emphasized his belief in the inevitability of the long-term success of Bitcoin and cryptocurrencies: The debate about whether cryptocurrencies will succeed is over. He further emphasized the value of digital assets in expanding the national portfolio: As of now, cryptocurrencies are a $3 trillion asset class, and the state has zero investment in cryptocurrencies. It is also the fastest growing asset class with the greatest potential for price appreciation. In addition, he stated that there are three main goals for establishing the SBR: portfolio diversification, crypto-friendly positioning, and protection against currency-related risks. What happens if inflation reaches 8% again? Bitcoins value is not affected by the trend of the US dollar, it will strengthen our countrys balance sheet, and can be used as collateral for future debt issuance.
Project News
On-chain data shows that the Trump familys crypto project World Liberty Financial (WLFI) bought $5 million worth of ETH on Wednesday. This brings the projects total ETH balance to more than $50 million, mainly accumulated in the past few weeks.
Its wallet received 1,285 ETH from CoW Swap in three separate transactions about four hours ago. The wallet appears to be using profits from the ongoing WLFI token sale to purchase these ETH, mainly through its large stablecoin holdings. The company also appears to have sent funds directly from the World Liberty contract address starting with 0x e 217 e 15 b to a wallet starting with 0x 5 be 9 a 495, which has no outgoing transactions.
The analysis pointed out that the exchange of stablecoins for ETH shows that World Liberty Financial is seeking to participate in the deeper crypto economy. It may also indicate that the team believes that ETH is a better reserve asset than the US dollar. Eric Conner, a well-known Ethereum investor and consultant, first noticed these transactions. He said in a private message: They exchanged all the stablecoins they got for ETH.
Spark deploys $100 million in stablecoin liquidity to Base and activates Savings feature
Spark announced on X that it has deployed $100 million in stablecoin liquidity to Base through the Spark Liquidity Layer. This deployment also activated the Savings feature on Base, where Base users can provide stablecoins.
The Aligned Foundation has announced the economic model of the ALIGN token. The total supply of ALIGN is 10 billion, with an initial circulation of 3 billion (i.e. 30%), most of which will flow to the community to incentivize early work and contributions, promote the development of Aligned-based applications and products, and help Aligned achieve its roadmap and long-term vision. The specific distribution plan of ALIGN is as follows:
Ecosystems and communities: 44%;
Foundation: 10%;
Team: 23.5%
Investors: 22.5%.
In April this year, Aligned officially announced the completion of a $2.6 million seed round of financing and a $20 million Series A round of financing, led by Lemniscap and Hack VC respectively.
Memecoin issuance platform jump.fun will launch version 2.0 Beta on Base
According to the official announcement of jump.fun, the platform will launch its 2.0 Beta version and one-click coin issuance function on the Base chain on December 11, 2024. Users only need to spend 0.2 US dollars to deploy Memecoin. At the same time, the platform smart contract will automatically provide each project with 6 ETH initial liquidity support and complete 100% token liquidity pool injection in Uniswap V2, providing basic guarantees for project launch.
In this 2.0 upgrade, jump.fun also launched a community revenue sharing plan, 100% of the platform revenue will be used to repurchase JUMP, of which 50% will be directly airdropped to Memecoin deployers. This mechanism is designed to encourage developers to actively participate and further enhance the activity and sustainability of the community ecosystem.
Investment and Financing
Blockchain startup Commonware raises $9 million, led by Haun Ventures and Dragonfly Capital
Blockchain startup Commonware has completed a $9 million financing round, led by Haun Ventures and Dragonfly Capital, with participation from many well-known cryptocurrency developers including Smokey the Bera of BeraChain, Zaki Manian of Cosmos, Sreeram Kannan of EigenLayer, Dan Romero of Farcaster, and Mert Mumtaz of Helius.
Commonware is a startup building advanced blockchain primitives that enable developers to fine-tune their networks to their exact specifications.
Perena, founded by Anna Yuan, the former head of stablecoin at the Solana Foundation, has completed a Pre-Seed round of financing of approximately US$3 million. This round of financing was led by Borderless Capital, with participation from Binance Labs, Primitive Ventures, ANAGRAM, Maelstrom, Breed VC, Temporal, ABCDE Labs, SevenX Ventures, Pivot Global, Miton, Graph Ventures and other institutions.
According to founder Anna Yuan, Perena is building stablecoin swap pools that will allow traders of up to seven different stablecoins to easily swap between assets — much like Curve’s 3 pool does on Ethereum. Stablecoin holders will be able to earn additional yield by lending their assets into the pool, earning more depending on their risk tolerance. In addition to the pool infrastructure, Perena also plans to build a “synthetic currency” that, according to Yuan, will be more resilient than the fiat currencies most people hold in traditional bank accounts. This will take the form of a “collateralized debt position” (CDP) stablecoin backed by other stablecoins — just like MakerDAO (now Sky) did with DAI. Perena has not yet finalized its design, but Anna Yuan hopes that building CDPs next to stablecoin swaps will create more “synergies.”
Earlier news, Binance Labs announced its investment in Solana ecosystem stablecoin infrastructure protocol Perena.
Character Voice
Ray Dalio: Will invest in hard currencies such as gold and Bitcoin, while avoiding debt assets
Ray Dalio, founder of Bridgewater Associates, said in a speech at a financial conference in Abu Dhabi on Tuesday that he would invest in hard money such as gold and Bitcoin while avoiding debt assets as most major economies face rising debt problems.
“I think a debt-currency problem may be coming up, and I want to avoid debt assets like bonds and debt and hold some hard currencies like gold and Bitcoin,” he said.
He added that the debt of the U.S. and all major countries except Germany has reached “unprecedented levels” and that this amount will not be sustainable. “It is very likely that these countries will have a debt crisis in the next few years, which will cause the value of their currencies to fall sharply,” Dalio said.
He also said that debt, currency and economics are among the five driving forces he identified that will drive almost everything. Other forces include the internal political order of countries driven by wealth and value gaps, and the external geopolitical order.
Matrixport: Ethereum ETF demand surges, prices are expected to rise sharply in 2025
Matrixport released a chart today saying that the demand for Ethereum ETFs has increased significantly recently, with a cumulative net inflow of up to $1.8 billion in the past 12 days, and no single-day net outflow of funds. Among them, the single-day inflow exceeded $300 million on three days. Adjusted by market value, this is equivalent to nearly $1.2 billion in inflows per day for Bitcoin, as Ethereums market value is about a quarter of Bitcoins.
This flow of funds may reflect a readjustment or expansion of investment direction, which coincides with the new fiscal year that US mutual funds usually start on December 1, and also reflects the markets optimistic expectations for 2025. If this demand continues, the price of Ethereum may rise significantly in 2025.
